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There are 14 USDA backed residential loans in Knox county with an average loan balance of $74,091. Over 64% of the loans helped first time home buyers. Borrowers were an average age of 34 years old. The typical appraised home value was around $83,166. On average the rural home size purchased with this loan was approximately 1,503 SqFt. Knox county applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.
The size of Knox County is roughly 1,312 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Knox County is 9. Look below for the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Knox County, MO
* cities most likely to have USDA loan eligible properties for sale.
*Baring • Colony • *Edina • Fabius • Forest Springs • Goodland • Greensburg • Hedge City • *Hurdland • Kenwood • *Knox City • Locust Hill • Millport • *Newark • *Novelty • *Plevna
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Knox County.
Knox County, located in the northeastern part of Missouri, was established on February 14, 1845. It was named in honor of Henry Knox, the first United States Secretary of War. The county seat is Edina, which was founded in 1839 and named in tribute to the Scottish city of Edinburgh. Knox County was initially settled by pioneers from the southern states, particularly Kentucky and Virginia, as well as immigrants from Ireland, Germany, and Scotland.
During the Civil War, the Battle of Newark took place on August 1, 1862, in Knox County. Confederate forces attacked the town of Newark to disrupt Union control of the region, but ultimately retreated after a brief skirmish.
Knox County is famous for its rich agricultural heritage, particularly in corn and soybean production. Its fertile soil and suitable climate make it an ideal place for farming. One fun fact about Knox County is that it once had an event called the Knox County Corn Festival, which celebrated the county's agricultural accomplishments and heritage. This event featured a parade, live music, games, and of course, lots of corn-based food for attendees to enjoy.